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The Philadelphia Inquirer
The Philadelphia Inquirer
Business
Erin Arvedlund

A $90 million Wharton and Wall Street partnership will prep students of color for careers in finance

A successful career in finance requires three things, according to Daniel Young: coursework, internships, and mentoring.

"All three together are the silver bullet," said Young, the director of the new Wharton-AltFinance "Investing in Black Futures" initiative, funded with $90 million from Wall Street investment firms Apollo Global Management Inc., Ares Management Corporation, and Oaktree Capital Management.

Two of the firm executives, Marc Rowan from Apollo and Howard Marks of Oaktree, are alumni of the University of Pennsylvania.

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